Automatic Data Processing, Inc. $ADP Shares Bought by Valley Wealth Managers Inc.

Valley Wealth Managers Inc. grew its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 919.4% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 23,385 shares of the business services provider’s stock after acquiring an additional 21,091 shares during the period. Valley Wealth Managers Inc.’s holdings in Automatic Data Processing were worth $4,751,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Imprint Wealth LLC bought a new stake in shares of Automatic Data Processing in the third quarter worth $25,000. Cornerstone Financial Management LLC bought a new position in Automatic Data Processing during the 4th quarter valued at $26,000. Bard Associates Inc. bought a new position in Automatic Data Processing during the 4th quarter valued at $28,000. Whipplewood Advisors LLC grew its holdings in Automatic Data Processing by 2,740.0% during the 1st quarter. Whipplewood Advisors LLC now owns 142 shares of the business services provider’s stock worth $29,000 after acquiring an additional 137 shares in the last quarter. Finally, Board of the Pension Protection Fund acquired a new position in Automatic Data Processing during the 4th quarter worth $31,000. Institutional investors and hedge funds own 80.03% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ADP. Weiss Ratings restated a “hold (c-)” rating on shares of Automatic Data Processing in a research note on Tuesday, July 7th. BMO Capital Markets reduced their price target on shares of Automatic Data Processing from $281.00 to $234.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 7th. UBS Group lifted their price target on Automatic Data Processing from $210.00 to $218.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Stifel Nicolaus boosted their price objective on Automatic Data Processing from $240.00 to $260.00 and gave the company a “hold” rating in a report on Wednesday, July 8th. Finally, Jefferies Financial Group cut their price objective on Automatic Data Processing from $230.00 to $190.00 in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Automatic Data Processing currently has a consensus rating of “Hold” and an average price target of $248.64.

Automatic Data Processing Trading Down 0.5%

Automatic Data Processing stock opened at $255.26 on Friday. The firm’s 50-day moving average is $228.00 and its 200-day moving average is $224.86. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.04 and a current ratio of 1.04. Automatic Data Processing, Inc. has a 1 year low of $188.16 and a 1 year high of $315.98. The company has a market cap of $102.04 billion, a P/E ratio of 23.81 and a beta of 0.83.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings data on Wednesday, April 29th. The business services provider reported $3.37 earnings per share for the quarter, beating analysts’ consensus estimates of $3.30 by $0.07. Automatic Data Processing had a net margin of 20.12% and a return on equity of 68.82%. The business had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.85 billion. During the same quarter in the prior year, the firm earned $3.06 EPS. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. On average, equities analysts expect that Automatic Data Processing, Inc. will post 11.08 earnings per share for the current year.

Automatic Data Processing Company Profile

Automatic Data Processing, Inc (ADP) is a global provider of cloud-based human capital management (HCM) and payroll solutions. Founded in 1949 and headquartered in Roseland, New Jersey, ADP began as a payroll processing company and has evolved into a diversified provider of workforce management, HR, benefits administration, tax and compliance services, and analytics for employers of all sizes.

ADP’s product portfolio includes payroll processing and tax filing, time and attendance systems, benefits administration, talent management, and HR outsourcing.